Razors Edge ★ Posted July 8, 2020 Share #1 Posted July 8, 2020 ... to buy, buy, buy a sweet place in NYC??? Or Denver? Maybe SW should hold onto his place, though? There’s at least a 75% chance of price declines in 125 metro areas by next May, led by getaway destinations in states such as Arizona and Florida that “faced the perfect storm of elevated Covid-19 cases and the subsequent collapse of the spring and summer tourism market,” according to the report. The last annual decline was in January 2012, at -0.3%. The news is worse for the country’s casino capital. Prices in Las Vegas will plunge 20.1% as a plunge in tourism combines with values that were inflated before the pandemic, according to CoreLogic. The firm projected declines of 11.7% in Boston, 9% in Denver, 7.4% in Houston, 6.3% in Los Angeles and 5.9% in New York. Link to comment Share on other sites More sharing options...
Randomguy Posted July 8, 2020 Share #2 Posted July 8, 2020 I am all for this, the rents/prices are too damn high. Link to comment Share on other sites More sharing options...
Razors Edge ★ Posted July 9, 2020 Author Share #3 Posted July 9, 2020 15 hours ago, Randomguy said: rents Rents will never come down in NYC. You gotta buy, buy, buy! Link to comment Share on other sites More sharing options...
Randomguy Posted July 9, 2020 Share #4 Posted July 9, 2020 2 hours ago, Razors Edge said: Rents will never come down in NYC. You gotta buy, buy, buy! It is great if you get in and buy on the low side, then you cash out on the high side. That isn't happening right now. Rents will swing down, where they will settle is anyone's guess. It'll be high, though. Link to comment Share on other sites More sharing options...
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